The wool situation


Material Information

The wool situation
Uniform Title:
Wool situation (1937)
Physical Description:
64 no. : ; 28 cm.
United States -- Bureau of Agricultural Economics
Bureau of Agricultural Economics, U.S. Dept. of Agriculture
Place of Publication:
Publication Date:


Subjects / Keywords:
Wool industry -- Statistics -- Periodicals -- United States   ( lcsh )
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )


Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics.
Dates or Sequential Designation:
WOOL-1 (Jan. 1937)-Wool-64 (Apr. 1942).
Numbering Peculiarities:
No. 1 called new series.
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 02269655
lcc - HD9894 .Un33
System ID:

Related Items

Preceded by:
World wool prospects
Succeeded by:
Livestock situation
Succeeded by:
Livestock and wool situation

Full Text
/If .-. I 1 i W

Bureau of Agricultural Econcmics
November 13, 1939
8"CUMENTS DEPT---------------------

The prospective improvement in consumer demand in the United States,

together with increased foreign demand for wools arising from'the European

War, will give strong support to domestic wool prices in 1940. Wool prices

rose approximately 50 percent in September, however, and it may be that much

of the anticipated stronger domestic and foreign demand has already been re-

flected in wool prices. The quantity of Australian and New Zealand wools

released for exrcort to neutral countries will be an important factor affect-

ing wool prices in the coming year.

Mill consumption of wool in the United States in the first 9 months

of 1939 was almost 50 percent larger than in those months last year and was

much larger than the average of recent years. Consumption for the entire

year 1959 is likely to be larger than in any recent year except 1935. Pros-

pects are favorable for a continuation of a relatively high level of mill

consumption in 1940. The weekly rate of mill consumption in September 1939

was slightly higher than in August and was 27 percent higher than that of
September 19L8.

Stocks rf apparel wool held by United States dealers and manufacturers,

including wcol afloat, totaled 244 million pounds, grease basis, on Septem-

ber 30. Such stocks were about 77 million pounds smaller than a year earlier

and were- smaller than September 30 stocks in any of the last 5 years.


Imports of apparel wool into the United States in the first 9 months

of 1939 totaled 61 million pounds, compared with 18 million pounds in the

same months of 1938. Because stocks of wool in this country are now relative-

ly small, and mill consumption is expected to continue at a fairly high level,

a considerable increase in wool imports may occur before the 1940 domestic

clip is available.

Total Southern Hemisphere supplies of wool for the 1939-40 season are

expected to be smaller than in 1938-39 but may be larger than average supplies

for the 5 seasons 1933-34 to 1937-38. The South African wool clip, wnich is

almost entirely fine wool, will be sold in the open market. Arrangements

are now being completed for resale by the British Government of Australian

and New Zealand wools not needed for allied use.


Domestic Situation

Prices in October decline from September peak

A sharp decline in trading in the Boston wool market in October was
accompanied by price declines of 1 to 3 cents per grease pound on most grades
of wool. But prices at Boston in the first week of November were generally
10 to 15 cents a pound (grease basis) higher than on September 1. Buying
in October was limited chiefly to small quantities of wool for immediate
use. This was in contrast to the heavy buying by manufacturers in September
which was chiefly for building up inventories of raw material. Stocks held
by manufacturers and topmakers at the end of September were larger than on
the corresponding date in any year since 1935.

The price of fine stable combing territory wool at Boston averaged
$1.07 a pound, scoured basis, in the first week of November, compared with
$1.11 in the first week of October and 74 cents for the last week of August.
Territory 3/8 blood combing wool averaged 91.5 cents a pound, scoured basis,
in the first week of November, 95.5 cents in the first week of October, and
61 cents a pound in August. Prices of graded merino and fine crossbred wools
in October were slightly below the high point of early 1937 but prices for
domestic wools grading below 1/4 blood were equal to or higher than prices
reported at any time since 1928-29.

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Country packed mixed grade lots of 3/8 and 1/4 blood bright fleece
wools sold at 46.5 cents a pound, grease basis, at Boston in the week ended
November 4 compared with 48 cents a month earlier and 32.5 cents on Septem-
ber 1. The United States average price of wool received by farmers was 28.7
cents a pound on October 15. 'It was 24.3 cents on September 15, and 20.1
cents on October 15, 1938.

Stocks of raw wool relatively small

Stocks of apparel wool held by United States dealers and manufacturers,
including wool afloat, totaled 244 million pounds, grease basis, on Septem-
ber 30, 1939, according to reports to the Bureau of the Census. Such stocks
were about .77 million pounds smaller than a year earlier and were smaller
than September 30 stocks in any of the last 5 years. These figures do not
include wool held on farms and ranches and in local warehouses in producing
States. Manufacturers held a much larger percentage of reported stocks at
the end of September 1939 than at the corresponding date in the 4 years
previous. Stocks reported by manufacturers on September 30 were 32 million
pounds, grease basis,- larger than a year earlier, but stocks reported by
dealers were 109 million pounds smaller than those of September 1938. The
stocks reported by dealers and manufacturers on September 30 this year, with
comparisons, are shown on a scoured equivalent basis in the accompanying
table. Stocks reported by quarters, 1934 to date, are shown on a grease
basis on page 12.

Stocks of raw wool, top, and noil held by dealers, manufacturers
and topmakers in the United States, scoured
basis, September 30, 1939 with comparisons

Item 193 : 1939
SSept. 24 I/ : July 1 1/ : Sept. 30
1,000 lb. 1,000 lb. 1,000 lb.

Apparel wool, total 147,597 123,096 118,054
Dealers 87,190 56,971 41,673
Domestic 77,641 46,869 33,954
Foreign on hand : 8,584 8,763 6,456
Foreign afloat 965 1,339 1,263
Manufacturers and top-
makers 60,407 66,125 76,381
Domestic 46,966 47,616 55,049
Foreign on hand 12,738 16,390 17,546
Foreign afloat 703 2,119 3,786

Carpet wool, total 26,782 31,835 35,091
Dealers : 3,087 3,206 1,271
Manufacturers 23,695 28,629 33,820

Tops 26,448 17,575 19,570
Noils 8,857 9,411 8,874

Compiled from Bureau of the Census Quarterly Wool Stock Report, September 30,
I/ Revised.

Wo'.l imports lai-wer in Seoter.bef

United States imports for consumption of apparel wool totaled 12
million pounds'in September compared with 4.6 million pounds in August and
2.8 million in September 1938. A considerable amount of the apparel wool
entered for consumption in Sept-'oTer consisted of wool withdrawn from
bonded warehouses. Receipts of foreign apparel wool at .Unitai States ports
in September were considerably smaller than "imports for consumption."
Imports for of apparel wool totaled 61 million T.oun'ds in the
first 9 month- of 1939 compared with 18 million pounds in the same months
of 1938 when domestic mill consumption was at a low level. Imports aver-
aged about 62 million pounds for those months in the 5 years 1933-37.

Mill consumption further incr-ased in Spente~rer

The w.'kli rate of mill consumption of apparel wool in the United
States was 6,252,000 pounds, scoured basis, in September compared with
6,177,000 pounds in August. The increase in September over Au.ti.-t was
contrary to the seasonal trend in recent years. In all except two of the
last 10 years, the rate of consumption in September has been lower than
in Au-gut. The S e.'stter rate of consumption was 27 percent higher than
that of September 1938 and was the highest rate reported since March 1937.

Domestic r:ill consimmprtion on a :rE'ase basis in the first 9 months
of this year was equivalent to 392 million pounds of shorn wool and 59
million pounds of -ulled wool. The consumption from January through Sep-
tember was about 43 percent larger than in those months last year and 23
percent larger than the av,-r~e- for the 10 years 1928-37..

Foreir-n Situation

South African sales

After the opening week of the 1939-40 wool sales in early October
at which 80 rrc!-L.t of offerrin'.- were sold, prices in South African markets
declined from recent peaks and many wools were withdrawn because of low bids.
Regular sales were resuim-.1 during the week ended October 27. Demand was
good for wools of superior length but was erratic on medium and short wools.
Prices in United States *' for 64-770s super comlin.n-. a d combing length
wools in the week ended Oct6ober 27 avera,.ei 10 percent lower than in the
first week of October but prices were 11 percent hi.ighr than av-rage prices
reported for such wools in October 1938. Average prices in United States
currency for 64-70s short coming and su1:.--r shorts in the -.:c:k ended October
27 were 12 percent lower than in the first ;w.k of October and -.'ere slightly
lower than averp.e _ricer for October 193f'. Only one-third of offerings
were sold at public auction during the week of snles which ended 7,ctober 27.
The United Stato was the principal buyer at most sales.

Accordi:., to present 'arran.v.-i r.ts the wool clip of the Union of South
Africa, which is almost fine wool not rcne'ially suited to military

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wco.-35 5 -

requirements, will be sold in the open market. But the British Government
has agreed, if necessary, to purchase wool in sufficient quantities to
maintain prices of South African wool at the levels of contract prices for
Australian wool.

Production of wool in the Union of South Africa for 1939-40 is now
estimated at 270 million -ouznds, according to a cable from the American
Emita) y at Pretoria., This is an increase of 9 percent over total receipts
for the 1938-39 season'which amounted to 248 million pounds.

Prices of 64-70s wools in South African markets
in October 1939, with comparisons 1/

: 1938 : 1939_
Item : October : : Week ended
: average : Sept. Oct. 6 : Oct. 27
S Cents Cents Cents Cents
Super combing 43.3 51.2 53.6 48.7
Co1bing 40.9 49.5 51.2 44.9
Short combing 37.4 42.9 41.3 .36.6
Super shorts 34.4 38.0 37.1 32.0

Compiled from South Africa Crops and Markets and cabled reports from the
American Embassy at Pretoria. -

Prices converted from South African pence to cents at current rates of ex-
change reported by the Federal Reserve.

L/ Quotations are in cents per pound., clean basis.

South American markets quiet in October

The withdrawal of United States buyers, who had been the principal
operators, brought business largely to a standstill in South American wool
markets in October. Sales during the month were small and prices declined
from the September high point when quotations on crossbred wools were re-
ported to be about 60 percent above the August levels. Quotations in
October were largely nominal.

Shearing and transportation of the .-w clip have been impeded by
heavy rains in Argentina. Stocks of old clip wool in South LAmerican markets
are small.

South American suop-lies smaller than last year

The production of wool in Argentina for the 1939-40 season is expected
to be about 384 million pounds, estimates of the Buenos Aires
Branch of the First National Bank of Boston. This is a decrease of 4 percent
below the revised estimate of 399 million pounds for the 1938-39 clip. Aver-

age production in Argentina for the five seasons 1933-34 to 1937-38 was
363 million pounds. Because of the smaller carry-over on October 1, 1939,
total Argentine supplies for the 1939-40 season are estimated to be about
10 percent smaller than in 1937-39.

Production of wool in trauu. y in 1939-40 is -stimi.ted at 122 million
pounds, according to a cable from Consul General D.. G. Dwyre at Mcntevideo.
Last season's clip amounted to 2pprroximn.tely 125 million pounds, according
to the Mercantile -Exchange of Montevideo.

Production and carry-over of wool in Argentina and UruguVy,
seasons 1934-35 to 1939-40

: .Argentina
Season :Carry-over: Pro- :
: Oct. 1 : auction :

Total :Carry-over:
: Oct. 1 :

:Mil. lb. Mil. Ib. Mil. lb. Mil. lb.

1934-35 : 42 348 390 10
1935-36 : 13 364 377 10
1936-37 : 22 373 395 11
1937-38 : 24 365 389 3
1938-39 : 40 399 439 21
1939-40, : 8 384 392 9

Pro- : Total
duct ion :
i 1I. Mdi. It.

119 129
113 123
116 127
116 i19
125 146
122 131

Argentine estimates from the Buenos Aires Branch of the First National Bank
of Boston. Uruguay from Camara Mercan'til de ProTuctos del Pais, Montevideo,
and cable report from Consul General Dwyre at Montevideo.

Purchase price set for clins of Australia and. New Zealand

Arrangements have now been completed by the British Government for
the purchase of the entire clips of Australia and lP71 Zealand for the
duration of the war and one clip thereafter. Quantities nr;ded? for domestic
consumption in the respective Dominions are not included in the n.reement.

The basic purchase price agreed upon is 10.75 pence sterling per re'ase
pound (13.4 pence Australian) in the case of the Australian clip -.nd 9.8 rence
sterling per gr;--se pound (12.75 pence New Zealand) for the New Za.laInd clip.
The difference in these prices is i:e to the difference in the kinds of wool
produced in the two countries. Each Dominion is to share c.Luall,' :-:ith the
United Z7irdom in any profit made on the resale of such of its wool as is not
needed for Government use. Plans for the resale of wool to neutral countries
are ltinre worked out.

At the October avcrnE,; rate of exchange the basic purchase price for
Australian wool is equivalent to 18 cents a pound in United States currency.
The basic price for New Zealand wool is about 16.4 cents a pound on the bnsi?
of the October exchange rate. The average price received for greasy wool at


- 6 -

all s llin; centers in the 1939-39 season was equivalent to about 16 cents
a pound in Australia and 14 cents a pound- in IIc-i Zealand.

United Kingdom wool control

Work on Government contracts has more than offset any decline in
the civilian branch of the E:lish wool manufacturing incLustry. Unemploy-
ment in the woolen eand worsted. sections in September was the lowest in re-
cent years, according to reports of the Ministry of Labour.

Wool prices and supplies in the United Kingdom have been subject to
Government control since Septembcr 4. On October 23 the Wool'Control
announced that all stocks of Australian, N37 Zealand, South African .und.
South American raw wool held in the United Kingdom must be placed at the
disposal of the !;inistryi, of Supply. The Wool Control will, so far as
Government needs permit, turn back to wool merchants, topmakers, etc. the
quantities of wool ,and tops required to fulfill existing contracts.

Maiirum takeover prices "nd prices at which surplus supplies will
be. issued:to the home trade we ser c 'cified in the schedule ,:o,_r.rn'i. -ing
the control order.. The issue s- ic.-:- '.n not epply to export trade. The
Government does not plan to tsl:e over uuprr.lies of East Indian or Asiatic
wools (carpet type) but will control prices of such woolson arrival in
the United Kingdom.

Effective Trs -:rer 1 supplies of wool, top, yarn, and certain other
wool materials for civilian were to bo rationed. Supplies of such
materials man be obtained and consumed only. in accordance with permits
issued by a district or sectional rationing: connittee. Every effort will
be madc to maintain export trade in yarns and tissues and other wool
manufactures. Under present plans no reduction will be made in supplies
for manufacture for the export trade unless such wool is nooded for military
requirements. But a reduction of 10 percent is ordered in the use of wool
for civilian needs of the United Kingdom. It is suggested that this economy
be -ffected by the production of lighter weight cloths or the greater use
of substitute fibers in rterials for domestic consumption.


Carry-over into 1940 domestic s-C.r.o mey be small

In the first 6 months (April-September) of the 1939 season, domestic
mill consum-tion of apparel wool aver ,-: 50 million pounds a month. If
this rate of consumption is maintained during the remainder of 1939, as now
appears likely, the consumption for the first 9 months (April-Decemiber) of
the current season would be about equal to the estimated production of shorn
and pulled wool for 1939. But stocks of apparel wool in the UIited States
at the begir.r-ini of the 1939 n--,.r!l:-in,- season on April 1 were below the 5-
year (1933-37) average. Consequently, the carry-over into the new season


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WOOL-3 5

- -

berinning April 1, 1940 will be 3:.-.11 unless imports in the current season
excec-d mill requirements for the first quarter of 1940.

LarE-r i Tports probable

Iports for consumption of ao :-el wool totaled 61 million pounds in
the first 9 months of 1939 compared with 18 million pounds in the same months
of 1938 and an average of 62 million pounds for those months in the 5 years
1933-37. Because stocks of wool in the United States are now relatively snail
and mill consumption is expected to continue at a fairly high level, a con-
siderable increase in wool imports is probable before the 1940 domestic clip
is available,

Production, imports, and nill consumption of apparel wool, grease
basis, in the United States, annual 1935-38 and April-September,
1938 and 1939

Year b"" -iin : General : Mill
Year Production .encr
Apr. 1 : imports / : consumption
: Mil. lb. Mil. lb. Mil. lb.

1935-36 :431 83 2/ 673
1936-37 :427 164 582
1937-38 433 60 407
1938-39 : 436 49 3/ 544
Apr.-Sept. 1938 4/ 436 11 232
1939 / 440 36 302

Imports from the Bureau of Foreign and Donestic Conmorce. Consumption from
the Bi erou of the Census.
7/ ,i-;igt as reported, .r.:.s;r, scoured and skin wool added to.e-ther.
2/ Stocks of an-arel wool in the Ulited States were large at the beginning
of 1935.
SBureau of the Census figures adjusted to 52-week basis.
Production for entire year. Fi-ai.ue for 1939 includes -pullc-d wool estimate
equal to 1938 production of pull, d wool.

South r. Heni slphler suplis for 14', above 5-year average

The carry-over of wool into the 1939-40 season in the principal wxport-
ing countries of the Southern Hemisphere was mach smaller than a year earlier
and was estimated to be smaller thnn the average carry-over in the 5 years
1933-37. Prelininary estimates for Australia, the Union of South Africa,
Ar!gentina and Uruguay indicate that production in 1939-40 will be slightly
larger than in 1938-39 and about 4 percent lhre.-r than the 5-year (1933-37)
avera--. On the basis of carry-over and production estimates, it appears
likely that total supplies front the Southern Honisphere in the 1939-40 season
will be about 3 percent smaller than in 1933-39 but will be larger than aver-
.7,3 supplies for the 5 years 1933-34 to 1937-38.


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British Empire production exceeds requirements

The purchase of the wool clips of Australia and New Zealand will give
the British Government control of approximately 60 percent of the wool clip
of the Southern Hemisphere. The total production of wool in Australia and
New Zealand in 1939 probably will be a little more than 1,3 billion pounds.
In 1938 the total retained imports of wool into the United Kingdom and France
was 1,026 million pounds. Imports were relatively large in 1938.

Most of the production in Australia is fine wool whereas the production
in New Zealand is largely medium and coarse wool, the kinds most suitable for
military purposes. It may be, therefore, that Great Britain will purchase
considerable quantities of South American wools and will release some Aus-
tralian wools for export to neutral countries. The clip of the Union of
South Africa will be sold in the open market according to present plans.

Wool production in specified countries, average 1933-37, annual
1938 and 1939

Country : 1933-37 193 : 1939 /
Southern Hemisphere:
Australia : 998 985 1,005
New Zealand 292 328
Union of South Africa : 244 248 270
3 British Empire countries: 1,534 1,561
Argentina : 363 399 3S1
Uruguay : 114 125 122
Other South America : 104 (108)
South America 581 632
United States:
Shorn : 367 372 376
Pulled 65 64
2/ :
Other countries, partly carpet wool: 849 (900)
World total, excluding Russia and:
China :3,396 3,530

Compiled from official publications and reliable commercial sources.

1/ Preliminary estimates.
2/ Excluding Russia and China.

Domestic mill consumption expected to continue large in 1940

In view of prospects for a further improvement in business conditions
in the fall and winter months, mill consumption is likely to continue at a
fairly high level during the remaining months of 1939. Even if consumption
for the last quarter of the year is no larger than in the same months of 1938,
consumption for the entire yarl93~59.liky- to be larger than in any recent
year except 1935.


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Mill consumption of wool in the United States in 19h .is likely to be
at a level somewhat higher than the average consumption in recent years. The
higher rate of activity is likely to result from inprover.ient in domestic con-
sumer demand, a decrease in imports of wool manufactures, and greater use of
wool for military purposes in this country. In view of the relatively Inrge
consumption in 1939, however, total domestic mill consumption in 1940 may not
show much change from the 1939 total.

Foreign consumption

A considerable expansion in ths total consumption of wool in the
United Kingdom and France seems probable as a result of the war. The use
of wool for military purposes will increase materially but the use for
civilian purposes and for exports of wool textiles probably will be reduced

Consumption of wool in Germany and perhaps in some of the neutral
countries of Europe probably will be reduced. The volume of Southern Hemi-
sphere wools going to these countries will be relatively small. In 1938
total German imports of raw wool amounted to about 300 million pounds.
Presumably a large part of the wool formally imported by Germany will be
available to other countries.

Prospects for wool prices in 1940

The prospective i-provcment in consumer demand in the United States,
together with the increased foreign demand for wools arising from the
European War, will give strong support to domestic wool prices in 1940.
Belativoly short supplies in this country also will be a strengthening
factor. But wool prices have risen approximately 50 percent since August,
and it nay be that much of the anticipated stronger domestic and fore-ign
demond has already been reflected in wool prices. Changes in wool prices
during tha coming year will depend to some extent upon prices fixed by the
British Government for British Empire wools for export and upon the quantity
of such wools released for export to neutral countries.


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Prices of wool and textile raw materials in the United States,
specified periods, 1937-39

Average : gh 1938 1939
Item -i
I 1937 C
1937 1938 Oct. Au'. ert. Oct.
Sent Ces Cn Certs Centss Cent Cents Cents
Post on market
Territ-ory, scoured basis
64s,70s,80s (fine) staple.: 101.9 70.4 114.0 71.0 74.0 98.8 109.5
56s (3/8 blood) combing...: 57.1 5C.9 100.5 59.6 61.0 84.9 94.1
46s (Low 1/4 blood).......: 72.1 52.4 84.0 53.2 56.0 76.1 87.5
Pi-l--t fleece, greasy
64s,70s,80s (fine) delaine: 40.9 29.0 47.0 30.0 29.5 39.5 43.0
56s (3/8 blood) combin-...: 43.7 29.5 53.0 31.5 32.5 43.3 48.8
46s (L,ow 1/4 blood) ........ 39.7 28.3 47.0 30.2 32.5 43.2 49.0

Farm price, greasy
15th of month.............: 32.0 19..1 33.2 19.7 22.0 24.3 28.7

Textile fibers
Wool, Terr. fine stable /: 101.9 70.4 134.0 71.0 74.0 98.8 109.5
Cotton 7/8 i iddii:- 2/.... 11.22 8.58 14.15 8.55 8.93 8.88 8.83
Silk, Japanese 3/.........: 186.0 170.6 205.1 185.4 264.1 299.3 327.1
Rayon yarm, 150 denier 4/.: 62.2 52.2 63.0 51.0 51.0 51.5 53.0

Yearly averages are averages of monthly prices except United States farm price
which is a weighted average.
Scoured basis, Boston market.
Average at 10 markets.
3 V1Wite 13-15 denier, at New York, Bureau of Labor Statistics.
4 Do.uestic yarn, first quality, Bureau of Labor Statistics.

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Stocks of wool held by: dealers, manufacturers, and topmakers in the
United States by class and origin and stocks held in. 13 western
sheep Stat+es, .-easeS basis, 1934 to date

o Aparel wool_ : Carrpet
: Held by : ri.r:i :On farms: wool
Date '. 'fac- :& ranches all
Dealers :turers :Domestic: Foreirn Totil. : in 13 :f reig
Stop- : : western: 1/
:makers : States 2/
:Mil. lb. Mil. lb. Mil. lb. Mil. lb. Mil. lb. Mil. lb. Mil. lb.
Mar. 31 3/ :
June 30 / : 337.2 41.2 378.4 55.3
Sept.29 4/ : 32.9 35.2 438.1 54.2
Dec. 31 4/ : 342.1 30.6 372.7 46.7
Mar. 30 4/ : 261.3 28.1 289.4 41.
J.i .e 29 195.6 123.9 sa).6 22.9 319.5 43.0
Sept.23 : 173.3 171.5 317.6 27.2 344.8 51.8
Dec. 31 99.9 134.6 191.1 43.4 234.5 4.5 51.5
Mar. 28 69.7 119.8 122.4 67.1 189.5 0.4 55.0
June 27 :157.0 138.2 241.4 53.7 295.1 49.1
Sept.26 : 142.6, 119.0 222.5 39.1 261.6 47.5
Dec. 31 100.9 146.0 169.6 77.3 246.9 1.8 54.0
Mar. 27 : 62.4 150.4 116.4 96.4 212.8 0.3 53.9
June 26 : 148.0 139.4 220.0 67.4 287.4 51.2
Sept.28 : 156.0 120.2 224.4 51.8 276.2 59.-
Dec. 31 : 149.5 90.0 200.7 3'.8 239.5 31.6 63.5
Mar. 26 : 130.2 86.6 180.6 36.2 216.0 22.5 49.'
June 25 : 181.0 116.7 26h.4 33.3 297.7 43.9
Sept.24 : 196.2 125.0 241.4 34.8 321.2 33.0
Dec. 31 : 136.5 101.9 198.9 39.5 238.4 13.3 4o.6
Apr. 1 : gg.5 92.4 132.9 4s8. 180.9 6.3 46.9
July 1 :123.0 132.7 211.8 44.0 255.g 45.7
Sept.30 : 6.8 157.1 199.3 44.5 243.9 50.3

Compiled from Bureau of the Census Quarterly 'ool. Stock Reports. Thpsp
statistics arp believed to include over 95 percent of the total socks
held by and afloat to all dealers, topmakers and manufacturers in the
United States.
I Includes foreign wool afloat.
E/ Estimated by the Department of Agriculture. No estimates available for
dates where no figures are shown.
Not available.
These figur-s are approxiu tions obtained by convertil-v scoured basis to
Cr-it.-e equivalent. Stocks fit-'rec were not reported on a grease basis
by the Bureau of the Census until June 1935.


United States:

Wool imports, consumption and machinery activity,
specified periods, 1937-39

Item : 1937 : 1938 : Jan.-Sept. : Sept.: Aug. : Sept.
S: : 1938 : 1939 : 1938 : 1939 : 1939

Imports for consumption
actual weight: 1/
Apparel ................ :
Finer than 40s ........
Not finer than 40s ....
Carpet, including
camels hair .......:












1,000 1,000
pounds pounds


71,908 35,861 114,166 9,301 11,901 17,260

Consumption, scoured
basis: 2/
Weekly average -
Apparel ...............: 4,772
Carpet .............: 2,023
Apparel ...........: 248,121
Carpet ..'............: 105,197

Machinery activity 2/
Hours operated per
machine in place 3/
Worsted combs .........: 46.1
Worsted spindles ....: 32.9
Woolen spindles .......: 43.1
Woolen and worsted
Broad ............: 39.0
Narrow ...............: 20.4
Carpet & rug looms-
Broad ........ ........:) 28.6
Narrow ............. :)

4,143 3,635 5,392 4,905 6,177 6,252
1,225 1,003 1,929 1,597 2,401 2,212

219,565 141,746 210,285 19,619 24,707 25,006
64,945 39,110 75,244 6,386 9,604 8,847








25.2 39.0 30.9 39.7 36.2
9.9 11.6 11.3 12.3 15.7

18.8 20.3 35.4 28.7 38.0 39.2
14.5 22.3 19.8 22,8 23.1

Import figures from the Bureau of Foreign and Domestic Commerce. Consumption and
machinery activity from the Bureau of the Census.

1/Weight of greasy, scoured and skin wool added together.
2 Figures for August and September based on 4 weeks, January to September 39
weeks: 1938 totals based on 53 weeks. No adjustment made for holidays.
j "Weekly average hours operated per machine or spindle in place" will take the
place of "percentage of maximum single shift capacity" previously reported. The
percentage of single shift capacity (40 hours) may be obtained by dividing the
above figures by 40.


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